Jupiter European ISA, keep, transfer, or cash in?

turbobob

luckylizard wrote: »

that's a classic mistake genny. don't hang on to it ' until it recovers'. all funds have fallen by a similar amount over the past month. transfer it to a fund supermarket and split it into a number of better funds now. they too will 'recover' and you'll have a better risk spread immediately. at least, that's what i'd do.;)

I'd agree with that - seems almost all equity funds have made significant losses in the last month regardless regardless of the region they invest in. Not just the Jupiter European fund. Gilt funds (particularly indexed linked gilts) and some bond, absolute return and even property funds have held up pretty well by comparison. Really illustrates quite well how you can reduce risk by diversifying.

genny

Thanks all, so how easy is it to move a Stocks and shares ISA?

I'm confident moving cash ISAs! I have all the details, it was set-up via an IFA, but I have all the direct Jupiter mailings, accounts etc. So what is the best method, do I setup an account with an online fund manager and then initiate a transfer?

Recommendations of which company to use would be lovely (I know you can't give fund recommendations), I mean more the houses / companies to use to manage the ISA.

But, a list of funds to consider might be helpful if it's not breaking any rules too!!

luckylizard

it can get very confusing all this broker/fund supermarket stuff at first. if i was starting out, i'd use Hargeaves Lansdown as they are a broker and fund supermarket rolled into one, which makes things simpler. you can go to their website and open a Vantage ISA account and then transfer your Jupiter isa into it. it's vital you transfer it, not sell it, in order to keep the tax-free isa status. you should use the Hargeaves Lansdown transfer forms to do this.

you will have to specify which funds you want the 10k to be invested in, so you will need to do some research first. the HL website has plenty of info, and you could do worse than start by choosing from their Wealth 150 selection, which is basically a list of the funds they consider to be the best.

by the way, the Jupiter European fund is a perfectly good European fund for part of your portfolio.

dunstonh

so how easy is it to move a Stocks and shares ISA?

Absolute doddle.

you could do worse than start by choosing from their Wealth 150 selection, which is basically a list of the funds they consider to be the best.

It is worth noting that this does have quite a poor reputation for "quality". Historically it was just whatever was selling well or is the current fashion. Fashion investing is something you should avoid.

genny

Thanks.

So do you have any other recommendations other than Hargeaves Lansdown?

jamesd

genny, Hargreaves Lansdown will sell far more than just the Wealth 150 selection, almost all of those that are available to consumers in the UK. The Wealth 150 is just supposed to help narrow down the choices so they don't become overwhelming.

If you want to use Hargreaves Lansdown (and they are a reasonable choice) just give them a call and ask them to send you an application form and they will handle it from there.

Also tell them if you are interested in deferring selling some of the funds instead of selling first, moving and buying whatever else you want; they have had an offer where they would pay any fee (often 25 Pounds per fund) that some places charge when moving. Might as well see if that applies to you. Otherwise the standard method is to sell at the place you're moving from, move the cash, buy whatever you want at HL or wherever else you go. You won't pay a significant cost to buy again - no 5% initial charges at HL, maybe 0.25%.

turbobob

An alternative to what Jamesd said is that you can choose to transfer as stock rather than transfer as cash. Its a tick box on the ISA transfer form. This means no buying and selling of units takes place - your existing holdings in Jupiter European are simply moved over to HL (or whichever fund supermarket you choose). So if you had 10000 units in Jupiter European now, you would still have that after the transfer, but your ISA provider would now be HL rather than Jupiter.

You can then switch your holdings into whatever funds you want to in your own time.

dunstonh

HL are right for the DIY investor. Just dont use the Wealth 150 is the only guide to pick funds.

earlgrey_3

dunstonh wrote: »

HL are right for the DIY investor. Just dont use the Wealth 150 is the only guide to pick funds.

And especially don't pay too much attention to their latest "investment idea" which as you said earlier is likely to be whatever is selling well or in fashion. Otherwise they seem fine. They're brokers, not investment gurus.

runciblespoon

Also avoid their 'special offer - must end next week', because next week there'll be yet another mailing through the letterbox with a new special offer on it. :rolleyes: Don't be rushed into making decisions. (And buy a bigger wastepaper basket - you'll need it)